At 4.2% CAGR, Middle East & Africa Wintergreen Oil Market is Projected to be Worth US$ 5.81 Million by 2031, says Business Market Insights

According to Business Market Insights’ research, the Middle East & Africa wintergreen oil market was valued at US$ 4.18 million in 2023 and is expected to reach US$ 5.81 million by 2031, registering a CAGR of 4.2% from 2023 to 2031. Health benefits and functional properties associated with wintergreen oil and consumer preference for personal care products and cosmetics with natural ingredients are among the critical factors attributed to drive the Middle East & Africa wintergreen oil market growth.

Wintergreen oil is significantly used in various industrial applications as well as households for its functional properties. Its unique, refreshing flavor and fragrance renders it suitable for usage in home care products, food and beverages, perfumes, and personal care products. Wintergreen oil is incorporated as a flavoring agent in oral care products such as toothpaste and Mouthwashes. In the food & beverages industries, it is used in candies, chocolates, and baked goods to spike them with a fresh, minty flavor. It is also added to a variety of culinary creations. Thus, the increasing consumption of baked goods and culinary products bolsters the demand for wintergreen oil in the food and beverages industry. Moreover, this oil is added to skincare and haircare formulations due to its ability to improve complexion, reduce dryness and scalp irritation, eliminate odor-causing bacteria, rejuvenate skin, and prevent hair loss. Its antioxidant properties also render it ideal in skincare and cosmetic product formulations. Wintergreen oil is employed as a natural home deodorizer that can help mask foul smells. It is also used in-home care products to sanitize the air owing to its antimicrobial and antibacterial properties.

Wintergreen oil is often used to address hypertension and obesity, as its appetite-suppressing property is known to help manage cravings. Further, its application on body surfaces improves blood circulation, promotes the body’s detoxification, enhances metabolic function and digestion, calms inflammation, and alleviates pain. It also soothes the symptoms of colds, psoriasis, infections, and flu. Wintergreen oil-based products are employed to relieve chronic nerve pain, headaches, premenstrual syndrome (PMS) symptoms, and arthritis because the oil naturally contains aspirin-equivalent substances as active constituents. Wintergreen oil is also used in massage sessions, as it revitalizes exhausted and tender muscles, helps decrease spasms, promotes cell breathing, and soothes headaches and discomfort associated with the lower back, nerves, joints, and ovaries. Thus, wide range of functional properties of wintergreen oil boosts its demand for various applications, driving the wintergreen oil market growth.

On the contrary, the availability of alternatives hampers the growth of Middle East & Africa wintergreen oil market.

Based on type, the Middle East & Africa wintergreen oil market is bifurcated into organic and conventional. The conventional segment held 86.2% market share in 2023, amassing US$ 3,607.00 Thousand. It is projected to garner US$ 4,984.59 Thousand by 2031 to register 4.1% CAGR during 2023–2031.

In terms of end use, the Middle East & Africa wintergreen oil market is segmented into pharmaceuticals, food and beverages, personal care and cosmetics, aromatherapy, and others. The aromatherapy segment held 52.9% share of Middle East & Africa wintergreen oil market in 2023, amassing US$ 2,215.06 Thousand. It is anticipated to garner US$ 3,116.60 Thousand by 2031 to expand at 4.4% CAGR during 2023–2031.

By distribution channel, the Middle East & Africa wintergreen oil market is divided into wholesalers, supermarkets and hypermarkets, pharmacies and drugstores, and online retail. The wholesalers segment held 77.8% share of Middle East & Africa wintergreen oil market in 2023, amassing US$  3,254.96 Thousand. It is projected to garner US$ 4,480.96 Thousand by 2031 to expand at 4.1% CAGR from 2023 to 2031.

Based on country, the Middle East & Africa wintergreen oil market is categorized into South Africa, the UAE, Saudi Arabia, and the Rest of Middle East & Africa. Our regional analysis states that the UAE captured 36.6% share of Middle East & Africa wintergreen oil market in 2023. It was assessed at US$ 1,530.12 Thousand in 2023 and is likely to hit US$ 2,173.77 Thousand by 2031, registering a CAGR of 4.5% during 2023–2031.

Key players operating in the Middle East & Africa wintergreen oil market are NOW Health Group Inc, Edens Garden Essentials Corp, doTERRA International LLC, and Young Living Essential Oils LC among others.

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